LEX LIVE: Tesco – Trouble at the top

Philip Clarke, CEO of Tesco's is pictured in central London FOR COMPANIES
©Shaun Curry/FT

Lex writers discuss what went wrong for chief executive Philip Clarke – and where the UK supermarket should go next

Tesco: Clarke, not Superman

Philip Clarke’s replacement has never run a food retailer

Netflix: growing up

No longer a “story” stock, Netflix has profits, not just member or revenue growth

EMC / VMware: theory of relativity

Since the financial crisis, budgets have not fully recovered

Platinum mining: sunk costs

Anglo is finally selling high-cost South African mines

Telecoms: Huawei or the other way

Chinese group is growing fast; its European peers are not

Lynas Corp: medium rare

Like its products, the Australian miner has scarcity value

IBM: buying spree

Big Blue’s enthusiasm for share buybacks has seen earnings rise faster than revenues

Amazon: murky waters

Amazon finds new way to sell books, but is sticking with old-style financial reporting

SoftBank: jogging with Sprint

A year on from the takeover, the benefits are not showing